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Condos Homes in Colchester, VT

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1 View this home at N Prospect St Burlington VT 05401
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N Prospect St
Burlington, VT 05401
Condo
AUCTION: 04-06-2024
Condo
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Top Reasons To Live In Colchester, VT In 2024

Colchester is located in Chittenden, Vermont, with an estimated municipal population of 17,303 residents. All of the best foreclosed homes for sale in Colchester are located in the following zip code areas on Foreclosure.com: 05439 05446 05449 05466. The estimated population per square kilometer (.62 miles) in Colchester is 183.


Cost Of Living In Colchester, VT

So, about how much do homes cost in Colchester? The most recent median value of resident-owned homes in Colchester is 263,659. An estimated 68.7 percent of households in Colchester own their homes, with an average family size of 2.82. The median household income in Colchester is 71,090, with32.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Colchester, the median commute time of resident workers (in minutes) is 21.4. And last, but certainly not least, are you looking for homes to rent in Colchester? If so, the average rent price paid by renters in Colchester is 1,166, according to recent statistics.


Diversity And Demographics In Colchester, Vermont

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Colchester, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Colchester is 38, split between 49 percent male versus 51 female. The percentage of residents who report being married in Colchester is 40.5, with an average family size of 2.82.

The percentage of residents who report their race in Colchester is as follows:

White 93.1%
Black / African American 2.9%
Asian 1.9%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.1%
Other 0.9%

Looking for family-friendly neighborhoods in and/or near Colchester? Or maybe you are searching for 55+ active adult communities in and/or near Colchester?

The percentage of residents who report their age in Colchester is as follows:

Under 10 10%
Aged 10-19 15.8%
20s 15.1%
30s 10.9%
40s 13.5%
50s 16.7%
60s 10.1%
70s 5.1%
80+ 2.8%

Best Schools In Colchester, Vermont

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Colchester with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Colchester.


Pros And Cons Of Living In Colchester, Vermont

How do you know that living in -- or moving to -- Colchester is right where you need to be? Perhaps you grew up in Colchester or already live nearby; therefore, the decision to buy a home in Colchester is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Colchester for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Colchester:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Colchester.


Reasons To Move To Colchester, Vermont, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Colchester can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Colchester, meanwhile, can field multiple offers from more qualified buyers.

Colchester, VT Condos Foreclosures


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